Following the two bolt-on acquisitions unveiled this morning in its Investor Day press release, Quality Trading in Thailand and Esabora in France, Rexel, a global leader in the professional distribution of products and services for the energy world, announces a third bolt-on acquisition: Lenn International.
Based in Singapore, Lenn International is a wire and cable distributor focused on the offshore Oil & Gas market with customers across South-East Asia. Lenn International generated sales of c.20 million euros in the last fiscal year.
This acquisition enhances Rexel's offer in the Oil and Gas vertical segment, one of its strategic high-growth initiatives, and strengthens its presence in Asia, in line with its external growth strategy, which aims notably at expanding the Group's presence in developing markets.
Rexel, a global leader in the professional distribution of products and services for the energy world, addresses three main markets - industrial, commercial and residential. The Group supports customers around the globe, wherever they are, to create value and run their businesses better. With a network of some 2,300 branches in 37 countries, and over 31,000 employees, Rexel's sales were €13.4 billion in 2012. Its main shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel is also part of the following SRI indices: DJSI Europe, FTSE4Good Europe & Global, STOXX Europe Sustainability, EURO STOXX
Sustainability, Euronext Vigeo Europe 120 and ESI Excellence Europe. Finally, Rexel is included on the Ethibel EXCELLENCE Investment Registers in recognition of its performance in corporate social responsibility (CSR). For more information, visit Rexel's web site at www.rexel.com
Contacts
| Financial Analysts / Investors | Press |
| Marc MAILLET | Pénélope LINAGE |
| +33 1 42 85 76 12 | +33 1 42 85 76 28 |
| marc.maillet@rexel.com (mailto:mmaillet@rexel.com) | penelope.linage@rexel.com (mailto:penelope.linage@rexel.com) |
| Florence MEILHAC | Brunswick: Thomas KAMM |
| +33 1 42 85 57 61 | +33 1 53 96 83 92 |
| florence.meilhac@rexel.com | tkamm@brunswickgroup.com (mailto:tkamm@brunswickgroup.com) |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REXEL via Globenewswire
